U.S. Cattle on Feed Update – May ’18
Executive Summary U.S. cattle on feed figures provided by USDA were recently updated with values spanning through the end of Apr ’18. Highlights from the updated report include:
- U.S. cattle and calves on feed for the slaughter market as of May 1st finished higher on a YOY basis for the 17th consecutive month, finishing up 5.1% to a 12 year seasonal high.
- Apr ’18 placements in feedlots declined on a YOY basis for the second consecutive month, finishing down 8.3%.
- Marketings of fed cattle increased on a YOY basis for the 19th time in the past 21 months during Apr ’18, finishing up 5.9%.